THCH

TH International Limited

Price Chart

No historical data available

Latest Quote

$1.38

+0.07 (+5.77%)

Current Price

Previous Close	$1.30
Open	$1.30
Day High	$1.32
Day Low	$1.30
Volume	638

Fetched: 2026-08-31T16:59:28

Stock Information

Note: Financial values converted from CNY to USD

Shares Outstanding	32.04M
Total Debt	$294.27M
Cash Equivalents	$16.05M
Revenue	$178.09M
Net Income	$-75.66M
Sector	Consumer Cyclical
Industry	Restaurants
Market Cap	$44.21M
EPS (TTM)	$-2.27
Exchange	NCM

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Recent Price History

No history data available. Data will be fetched automatically.

About TH International Limited

TH International Limited, together with its subsidiaries, develops, operates, and franchises coffee shops under the Tim Hortons brand in Mainland China, Hong Kong, and Macau. The company's stores offer coffee, alternative beverages, sandwiches, and baked goods. TH International Limited was founded in 2018 and is headquartered in Shanghai, the People's Republic of China.

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Period:

Income Statement (Annual)

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Revenue
Reconciled Cost Of Revenue	$158,801,691	$169,136,930	$205,077,813	$143,226,168
Cost Of Revenue	$164,580,477	$175,094,397	$208,708,020	$145,418,377
Total Revenue	$195,702,384	$206,848,222	$231,953,863	$150,332,867
Operating Revenue	$158,823,835	$176,684,674	$206,622,653	$139,483,572
Expenses
Interest Expense	$2,479,974	$3,337,768	$3,036,204	$2,201,175
Total Expenses	$232,958,154	$249,766,484	$312,259,198	$234,360,183
Rent Expense Supplemental	$32,842,884	$35,896,982	$43,053,515	$35,214,992
Other Income Expense	$-25,516,818	$-22,365,918	$-43,610,442	$-24,908,439
Net Non Operating Interest Income Expense	$-1,955,394	$-2,861,528	$-927,382	$-1,799,239
Interest Expense Non Operating	$2,479,974	$3,337,768	$3,036,204	$2,201,175
Operating Expense	$68,377,677	$74,672,086	$103,551,178	$88,941,806
Other Operating Expenses	$12,511,298	$14,485,498	$20,186,250	$16,200,663
Selling And Marketing Expense	$9,435,223	$9,642,189	$14,374,883	$12,046,256
General And Administrative Expense	$30,383,245	$31,272,402	$48,361,925	$43,051,768
Other Non Operating Income Expenses	-	-	-	$-668,144
Income & Earnings
Net Income From Continuing Operation Net Minority Interest	$-64,603,147	$-68,920,574	$-125,351,850	$-110,422,301
Net Interest Income	$-1,955,394	$-2,861,528	$-927,382	$-1,799,239
Interest Income	$524,580	$476,239	$2,108,822	$401,936
Normalized Income	$-45,465,534	$-52,146,135	$-92,644,018	$-85,513,862
Net Income From Continuing And Discontinued Operation	$-64,603,147	$-61,271,508	$-130,287,759	$-110,422,301
Total Operating Income As Reported	$-47,186,498	$-51,904,044	$-99,312,313	$-86,414,931
Net Income Common Stockholders	$-64,603,147	$-61,271,508	$-130,287,759	$-110,422,301
Net Income	$-64,603,147	$-61,271,508	$-130,287,759	$-110,422,301
Net Income Including Noncontrolling Interests	$-64,799,898	$-60,811,119	$-129,793,528	$-110,734,994
Net Income Discontinuous Operations	$0	$7,649,066	$-4,935,909	$0
Net Income Continuous Operations	$-64,799,898	$-68,460,185	$-124,857,619	$-110,734,994
Pretax Income	$-64,727,982	$-68,145,708	$-124,843,160	$-110,734,994
Special Income Charges	$-20,796,552	$-13,089,330	$-22,888,690	$-2,387,614
Interest Income Non Operating	$524,580	$476,239	$2,108,822	$401,936
Operating Income	$-37,255,770	$-42,918,262	$-80,305,336	$-84,027,316
Depreciation Amortization Depletion Income Statement	$16,047,911	$19,271,997	$20,628,120	$17,643,118
Depreciation And Amortization In Income Statement	$16,047,911	$19,271,997	$20,628,120	$17,643,118
Gross Profit	$31,121,907	$31,753,825	$23,245,843	$4,914,490
Per Share
Diluted EPS	$-1.99	$-1.89	$-4.22	$-4.31
Basic EPS	$-1.99	$-1.89	$-4.22	$-4.31
Other
Tax Effect Of Unusual Items	$-6,379,205	$-5,591,479	$-10,902,611	$0
Tax Rate For Calcs	$0	$0	$0	$0
Normalized EBITDA (Bullshit earnings)	$-14,904,492	$-17,212,559	$-53,938,187	$-63,790,053
Total Unusual Items	$-25,516,818	$-22,365,918	$-43,610,442	$-24,908,439
Total Unusual Items Excluding Goodwill	$-25,516,818	$-22,365,918	$-43,610,442	$-24,908,439
Reconciled Depreciation	$21,826,698	$25,229,464	$24,258,327	$19,835,328
EBITDA (Bullshit earnings)	$-40,421,310	$-39,578,476	$-97,548,630	$-88,698,492
EBIT	$-62,248,008	$-64,807,940	$-121,806,956	$-108,533,819
Diluted Average Shares	$4,835,235	$4,824,142	$4,585,195	$3,809,278
Basic Average Shares	$4,835,235	$4,824,142	$4,585,195	$3,809,278
Diluted NI Availto Com Stockholders	$-64,603,147	$-61,271,508	$-130,287,759	$-110,422,301
Minority Interests	$196,751	$-460,389	$-494,231	$312,693
Tax Provision	$71,917	$314,477	$14,459	$0
Gain On Sale Of Ppe	$-961,941	$-616,587	$-2,439,146	$-1,313,677
Other Special Charges	$10,865,824	$1,584,590	-	-
Impairment Of Capital Assets	$8,968,787	$8,369,195	$16,567,832	$1,073,937
Restructuring And Mergern Acquisition	$0	$2,518,957	$3,881,713	$0
Gain On Sale Of Security	$-4,720,266	$-9,276,588	$-20,721,752	$-22,520,824
Selling General And Administration	$39,818,468	$40,914,592	$62,736,809	$55,098,024
Other Gand A	$30,383,245	$31,272,402	$48,361,925	$43,051,768
Rent And Landing Fees	-	-	$43,975,517	$35,214,992
Other Taxes	-	-	-	-

Fetched: 2026-08-29

Balance Sheet (Annual)

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Assets
Net Tangible Assets	$-196,862,682	$-139,455,571	$-80,019,763	$1,908,020
Total Assets	$174,957,492	$232,478,423	$329,408,745	$392,834,707
Total Non Current Assets	$126,392,235	$170,463,560	$261,217,588	$274,358,383
Non Current Prepaid Assets	$6,704,103	$8,024,171	$9,494,342	$12,232,600
Non Current Accounts Receivable	$6,387,949	-	-	-
Goodwill And Other Intangible Assets	$12,045,851	$14,425,557	$16,499,303	$14,276,754
Other Intangible Assets	$12,045,851	$14,425,557	$16,499,303	$14,276,754
Current Assets	$48,565,257	$62,014,863	$68,191,158	$118,476,325
Other Current Assets	$1,790,098	$1,507,758	$2,121,672	$1,983,714
Restricted Cash	$1,177,071	$4,738,549	$0	-
Prepaid Assets	$840,557	$799,040	$863,120	$1,722,120
Inventory	$5,470,630	$5,587,453	$7,414,503	$10,626,349
Receivables	$19,263,314	$25,388,077	$23,507,604	$12,712,827
Other Receivables	$1,875,024	$1,837,244	$2,208,836	$1,519,156
Taxes Receivable	$14,728,757	$18,141,041	$17,200,708	$10,358,463
Accounts Receivable	$2,630,572	$4,538,832	$4,098,061	$835,208
Allowance For Doubtful Accounts Receivable	$-2,580,845	$-2,025,294	$-737,326	$-350,314
Gross Accounts Receivable	$5,211,417	$6,564,126	$4,835,387	$1,185,522
Cash Cash Equivalents And Short Term Investments	$20,023,588	$23,993,987	$33,562,079	$91,431,314
Cash And Cash Equivalents	$18,109,356	$22,655,313	$30,081,769	$35,547,902
Assets Held For Sale Current	-	$0	$722,181	-
Other Non Current Assets	-	-	$19,414,069	$12,232,547
Cash Financial	-	-	$30,270,861	$35,547,902
Current Deferred Assets	-	-	-	$0
Debt
Net Debt	$212,031,277	$173,586,639	$113,284,702	$79,043,983
Total Debt	$292,751,319	$279,238,055	$268,783,675	$263,386,348
Long Term Debt And Capital Lease Obligation	$207,122,975	$125,629,664	$160,528,955	$175,916,884
Long Term Debt	$171,395,900	$69,117,121	$63,337,852	$53,955,878
Current Debt And Capital Lease Obligation	$85,628,344	$153,608,391	$108,254,720	$87,469,464
Current Debt	$58,744,734	$127,124,831	$80,028,620	$60,636,007
Other Current Borrowings	-	$71,218,779	$1,615,232	$3,120,589
Liabilities
Total Liabilities Net Minority Interest	$358,800,305	$356,337,667	$392,218,824	$376,433,784
Total Non Current Liabilities Net Minority Interest	$209,776,148	$127,963,299	$184,675,504	$180,424,226
Other Non Current Liabilities	$17,683	$24,757	$1,284,169	$1,177,600
Non Current Deferred Liabilities	$1,506,653	$1,192,737	$783,832	$492,332
Current Liabilities	$149,024,157	$228,374,368	$207,543,321	$196,009,558
Other Current Liabilities	$3,768,605	$2,499,168	$14,148,193	$41,773,313
Current Deferred Liabilities	$5,530,761	$5,899,568	$6,053,800	$3,289,317
Payables And Accrued Expenses	$54,096,447	$66,367,241	$79,086,608	$63,477,463
Payables	$38,864,000	$53,188,619	$59,371,747	$40,806,594
Other Payable	$4,385,764	$11,200,744	$17,336,338	$20,753,642
Total Tax Payable	$2,277,597	$1,551,597	$1,625,503	$997,366
Accounts Payable	$29,611,445	$33,281,926	$32,677,840	$15,712,346
Liabilities Heldfor Sale Non Current	-	$0	$8,072,168	-
Tradeand Other Payables Non Current	-	$0	$0	$0
Derivative Product Liabilities	-	-	$0	$2,837,410
Equity
Common Stock Equity	$-184,816,831	$-125,030,014	$-63,520,460	$16,184,773
Total Equity Gross Minority Interest	$-183,842,813	$-123,859,245	$-62,810,079	$16,400,923
Stockholders Equity	$-184,816,831	$-125,030,014	$-63,520,460	$16,184,773
Gains Losses Not Affecting Retained Earnings	$5,708,600	$1,365,674	$3,195,579	$2,527,816
Other Equity Adjustments	$5,708,600	$1,365,674	$3,195,579	$2,527,816
Retained Earnings	$-461,377,387	$-396,774,240	$-335,502,732	$-205,214,973
Other
Treasury Shares Number	$179,474	$183,340	$237,000	$245,126
Ordinary Shares Number	$4,763,442	$4,759,575	$4,705,914	$4,436,295
Share Issued	$4,942,916	$4,942,915	$4,942,915	$4,681,422
Tangible Book Value	$-196,862,682	$-139,455,571	$-80,019,763	$1,908,020
Invested Capital	$45,323,802	$71,211,938	$79,846,012	$130,776,658
Working Capital	$-100,458,900	$-166,359,505	$-139,352,163	$-77,533,233
Capital Lease Obligations	$62,610,686	$82,996,103	$125,417,203	$148,794,463
Total Capitalization	$-13,420,932	$-55,912,893	$-182,608	$70,140,651
Minority Interest	$974,018	$1,170,770	$710,381	$216,150
Treasury Stock	$0	$0	$0	$0
Additional Paid In Capital	$270,850,509	$270,377,105	$268,785,247	$218,870,649
Capital Stock	$1,447	$1,447	$1,447	$1,281
Common Stock	$1,447	$1,447	$1,447	$1,281
Preferred Stock	$0	$0	$0	-
Non Current Deferred Revenue	$1,506,653	$1,192,737	$783,832	$492,332
Long Term Capital Lease Obligation	$35,727,075	$56,512,542	$97,191,103	$121,961,006
Long Term Provisions	$1,128,836	$1,116,141	-	-
Current Deferred Revenue	$5,530,761	$5,899,568	$6,053,800	$3,289,317
Current Capital Lease Obligation	$26,883,610	$26,483,561	$28,226,100	$26,833,457
Line Of Credit	$58,744,734	$55,906,052	$78,413,388	$57,515,418
Current Accrued Expenses	$15,232,447	$13,178,623	$19,714,861	$22,670,869
Dueto Related Parties Current	$2,589,195	$7,154,352	$7,732,066	$3,343,240
Net PPE	$101,254,332	$148,013,832	$215,809,873	$247,849,029
Accumulated Depreciation	$-94,989,465	$-77,583,472	$-64,743,630	$-32,582,875
Gross PPE	$196,243,797	$225,597,304	$280,553,502	$280,431,904
Leases	$81,811,351	$88,019,721	$98,406,434	$89,627,370
Construction In Progress	$15,367	$195,905	$892,196	$3,415,534
Other Properties	$80,084,346	$105,029,811	$150,700,060	$170,431,217
Machinery Furniture Equipment	$34,332,733	$32,351,867	$30,554,812	$16,957,782
Properties	$0	$0	$0	$0
Other Inventories	$1,089,751	$1,244,274	$1,457,993	$682,288
Finished Goods	$4,380,879	$4,343,179	$5,956,510	$9,944,061
Duefrom Related Parties Current	$28,959	$870,959	$0	-
Other Short Term Investments	$1,914,232	$1,338,674	$3,480,309	$55,883,413
Dueto Related Parties Non Current	-	$0	$14,006,379	$0
Raw Materials	-	-	-	$7,837,929

Fetched: 2026-08-29

Cash Flow Statement (Annual)

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Free Cash Flow
Free Cash Flow	$-11,646,089	$-21,188,839	$-72,529,485	$-92,462,791
Operating Activities
Operating Cash Flow	$-1,889,352	$-5,897,994	$-29,162,124	$-42,662,753
Cash From Discontinued Operating Activities	$0	$998,299	$298,769	$0
Cash Flow From Continuing Operating Activities	$-1,889,352	$-6,896,293	$-29,460,894	$-42,662,753
Operating Gains Losses	$11,919,272	$2,040,015	$12,836,078	$22,585,540
Investing Activities
Capital Expenditure	$-9,756,737	$-15,290,845	$-43,367,361	$-49,800,038
Investing Cash Flow	$-9,342,570	$-1,194,968	$8,921,107	$-104,850,540
Cash From Discontinued Investing Activities	$0	$10,080,578	$-109,677	$0
Cash Flow From Continuing Investing Activities	$-9,342,570	$-11,275,546	$9,030,785	$-104,850,540
Financing Activities
Issuance Of Capital Stock	$0	$106	$0	$3,603,880
Financing Cash Flow	$3,226,845	$3,866,414	$12,018,920	$122,988,567
Cash Flow From Continuing Financing Activities	$3,226,845	$3,866,414	$12,018,920	$122,988,567
Net Other Financing Charges	$-1,689,146	$-562,777	$-7,058,249	$40,717,590
Net Preferred Stock Issuance	$0	$106	$0	$0
Preferred Stock Issuance	$0	$106	$0	$0
Net Common Stock Issuance	-	$0	$0	$3,603,880
Common Stock Issuance	-	$0	$0	$3,603,880
Repurchase Of Capital Stock	-	-	$0	$0
Other
Repayment Of Debt	$-110,748,333	$-128,213,087	$-130,399,595	$-73,590,120
Issuance Of Debt	$115,661,856	$131,395,695	$149,266,798	$105,208,397
End Cash Position	$19,286,428	$27,393,862	$30,270,861	$35,547,902
Beginning Cash Position	$27,393,862	$30,270,861	$35,547,902	$58,112,759
Effect Of Exchange Rate Changes	$-102,357	$349,548	$2,945,056	$1,959,869
Changes In Cash	$-8,005,077	$-3,226,548	$-8,222,097	$-24,524,726
Proceeds From Stock Option Exercised	$2,468	$1,246,477	$209,966	$47,048,820
Net Issuance Payments Of Debt	$4,913,523	$3,182,608	$18,867,203	$31,618,277
Net Long Term Debt Issuance	$4,913,523	$3,182,608	$18,867,203	$31,618,277
Long Term Debt Payments	$-110,748,333	$-128,213,087	$-130,399,595	$-73,590,120
Long Term Debt Issuance	$115,661,856	$131,395,695	$149,266,798	$105,208,397
Net Investment Purchase And Sale	$0	$2,552,286	$52,357,786	$-55,050,502
Sale Of Investment	$0	$2,552,286	$54,910,072	$0
Purchase Of Investment	$0	$0	$-2,552,286	$-55,050,502
Net PPE Purchase And Sale	$-9,342,570	$-13,827,832	$-43,327,001	$-49,800,038
Sale Of PPE	$414,167	$1,463,013	$40,359	$0
Purchase Of PPE	$-9,756,737	$-15,290,845	$-43,367,361	$-49,800,038
Change In Working Capital	$12,220,854	$10,315,366	$17,489,999	$12,396,284
Change In Other Working Capital	$-110,999	$254,674	$3,055,983	$1,536,493
Change In Other Current Liabilities	$4,831,743	$-10,528,979	$574,202	$6,885,471
Change In Other Current Assets	$-5,067,882	$1,470,171	$2,738,258	$-2,224,241
Change In Payables And Accrued Expense	$8,904,523	$19,991,728	$20,505,959	$7,900,074
Change In Payable	$8,904,523	$19,991,728	$20,505,959	$7,900,074
Change In Account Payable	$-3,670,481	$604,086	$16,227,067	$6,649,453
Change In Prepaid Assets	$2,475,089	$-301,399	$-7,223,224	$2,392,168
Change In Inventory	$-297,884	$1,320,425	$1,488,686	$-4,367,870
Change In Receivables	$1,486,265	$-1,891,254	$-3,649,865	$274,190
Changes In Account Receivables	$1,352,709	$-1,728,739	$-3,649,865	$274,190
Other Non Cash Items	$2,023,417	$3,865,172	$3,881,713	$668,144
Stock Based Compensation	$427,402	$155,380	$9,586,943	$11,105,004
Unrealized Gain Loss On Investment Securities	$4,553,859	$9,794,708	$8,665,661	$668,144
Provisionand Write Offof Assets	$970,258	$1,794,593	$2,110,172	$408,004
Asset Impairment Charge	$8,968,787	$8,369,195	$16,567,832	$1,073,937
Depreciation Amortization Depletion	$21,826,698	$25,229,464	$24,258,327	$19,835,328
Depreciation And Amortization	$21,826,698	$25,229,464	$24,258,327	$19,835,328
Net Foreign Currency Exchange Gain Loss	$91,507	$-179,860	$738,427	$352,253
Gain Loss On Sale Of PPE	$961,941	$635,284	$2,535,222	$1,313,677
Net Income From Continuing Operations	$-64,799,898	$-68,460,185	$-124,857,619	$-110,734,994
Interest Paid Supplemental Data	-	-	$2,980,998	$2,033,777
Common Stock Payments	-	-	$0	$0
Gain Loss On Investment Securities	-	-	$9,562,429	$20,919,609
Net Short Term Debt Issuance	-	-	-	-
Short Term Debt Payments	-	-	-	-
Short Term Debt Issuance	-	-	-	-

Fetched: 2026-08-29